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LV= General Insurance Warns of Fire Risks as It Reports Claims of $1.5 Million
California have damaged or destroyed hundreds of structures. In one fast-spreading blaze officials won't release estimates until they can safely access fire areas, but said flames ...
Source: BestWire   Date: August 11, 2022
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LV= Interim Chief Executive to Step Down, Search Underway for Successor
Liverpool Victoria Financial Services Ltd. has announced Mark Hartigan, LV= chief executive, has confirmed his intention to step down as interim chief executive and a member of the ...
Source: BestWire   Date: July 18, 2022
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LV= Stresses Independence as It Calls Off Royal London Merger Talks
Liverpool Victoria Financial Services Ltd. and Royal London Mutual Insurance Society both confirmed talks related to a merger of the two U.K. mutuals have collapsed. LV= entered ...
Source: BestWire   Date: February 9, 2022
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Mutuals LV=, Royal London Confirm Merger Talks
Liverpool Victoria Financial Services Ltd. has made changes to its board of directors as the mutual insurer and its rival Royal London Mutual Insurance Society both confirmed ...
Source: BestWire   Date: February 7, 2022
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Mutual LV= Seeks Strategic Alternative as Bain Combination Vote Falls Short
Bain Capital, leaving the U.K. life and pensions mutual to further seek a strategic alternative. About 69% of its 1.16 million members voted in favor of the transaction at a ...
Source: BestWire   Date: December 10, 2021
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LV= Board Outlines Case for Bain Deal Ahead of Dec. 10 Member Vote
David Barral, senior independent director, in a statement. "We all came to the firm conclusion it would not be fair for us to ask our with-profit members to finance a future that ...
Source: BestWire   Date: November 22, 2021
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Life and Pensions Underwriter LV= Defends Rejection of Royal London’s Acquisition Bid
Royal London Mutual Insurance Society Ltd. and Bain. "Royal London's proposal had material due diligence outstanding, which could have further impacted value and/or risk to LV= ...
Source: BestWire   Date: November 16, 2021
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Digital Medicare Advantage Brokerage Launches With $150 Million Bain Capital Funding
Matt Herman as chief executive officer. He previously served as founder and CEO of Health Benefits Group Inc. and brings more than 15 years of health brokerage experience, it said. ...
Source: BestWire   Date: November 5, 2021
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UK Regulator Will Not Oppose Sale of LV= to Bain Capital
Liverpool Victoria Financial Services Ltd. by funds advised by Bain Capital Credit LP for £530 million ($730.8 million). In a letter to stakeholders, the FCA said it had reviewed ...
Source: BestWire   Date: October 28, 2021
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UK Life Insurer LV= Sold to Bain Capital for $709.2 Million
Liverpool Victoria Financial Services Ltd. said it agreed to sell itself to funds advised by Bain Capital Credit LP for £530 million ($709.2 million). Bain will acquire the ...
Source: BestWire   Date: December 15, 2020
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LV= Confirms Transaction Discussions With Bain Capital
Liverpool Victoria Financial Services Ltd. said it is in exclusive discussions about a potential transaction involving private equity company Bain Capital. "Discussions between LV= ...
Source: BestWire   Date: October 2, 2020
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LV= Confirms Transaction Talks for Life/Pensions Unit
Liverpool Victoria Financial Services Ltd. said it is in discussions with several parties about a "potential transaction" of its life and pensions business as part of a strategic ...
Source: BestWire   Date: September 28, 2020
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Changes at LV= General Insurance May Cost Up to 600 Jobs
Liverpool Victoria Friendly Society. It also completed the acquisition of 100% of the general insurance division of Legal & General for £242 million ($312.9 million) (Best's News, ...
Source: BestWire   Date: July 28, 2020
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LV: Third-Party Transaction Among Strategic Options
Citing press speculation, Liverpool Victoria Financial Services Ltd. said its board is considering a number of options for the company that may include a third-party transaction. ...
Source: BestWire   Date: June 15, 2020
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LV= Halts New Travel Policy Underwriting Amid Coronavirus Concerns
The move comes as U.S. President Donald Trump announced a 30-day travel band from Europe to the United States. In a televised speech on the night of March 11, Trump said to keep ...
Source: BestWire   Date: March 12, 2020
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Allianz Completes UK Acquisitions of LV, Legal & General Units
Legal & General brand will continue to be used in the U.K. general insurance market for up to three years, Allianz said. Allianz said in May it will pay £242 million for Legal & ...
Source: BestWire   Date: January 2, 2020
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Allianz CEO: $1 Billion Deal for Nonlife Assets of L&G, LV to Create UK’s Second-Largest Nonlife Writer
General Insurance Group. Allianz said the enlarged group will have 9% of the U.K. nonlife market, £4.02 billion in annual premiums and 12 million nonlife customers. "What we ...
Source: BestWire   Date: May 31, 2019
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Liverpool Victoria Friendly Society to Convert to Company Limited by Guarantee
Liverpool Victoria Friendly Society Ltd. announced it will convert from a friendly society as the separation of its general insurance business progresses ahead of schedule, said ...
Source: BestWire   Date: March 25, 2019
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Allianz UK Cites LV= Deal in Nine-Month Operating Profit Rise
The combined ratio improved to 96 from 98.5. Gross written premiums on commercial lines increased to £856.1 million from £822.4 million. The combined ratio on commercial lines ...
Source: BestWire   Date: November 12, 2018
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In Wake of LV= Deal, Allianz UK Posts Rise in Operating Profit
Jon Dye said in a statement. "Overall, the business delivered a solid financial performance." The agreement with Liverpool Victoria Friendly Society called for Allianz Group to ...
Source: BestWire   Date: February 26, 2018
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